Fact sheet: Zurich Schrdr StrtgcCrditPn

Fund information
Fund name
Zurich Schroder Strategic Credit Pn CS1
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund manager
  • Peter Harveysince 04/04/2006
Underlying fund
Schroder Strategic Credit
Fund objective
The fund's investment objective is to provide a total return. The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • 3-month Treasury bills
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.3%
1 Year rank in sector
101/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£1m (£1m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
15
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc12.7%
Canlife AXA Fram Mgd Inc Pn12.7%
SIP BG Corporate Bd Pn12.6%
AXA Wealth AXA Fram Mgd Inc Pn12.4%
LV= Artemis High Income Pn12.1%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK44.2%
    Germany10.2%
    France9%
    USA5.2%
    Spain4.6%
  • Industrials58.3%
    Financials26%
    Utilities6%
    Mortgage & Secured Bonds6%
    Money Market2.2%
  • UK Fixed Interest44.2%
    German Fixed Interest10.2%
    French Fixed Interest9%
    US Fixed Interest5.2%
    Spanish Fixed Interest4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.6%2.9%7.3%14.2%30.9%
Sector0.1%1.8%1.4%7.4%12.6%33.8%
Rank within sector74 / 174107 / 17432 / 172101 / 16871 / 15795 / 146
Quartile2nd3rd1st3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.5%6.5%3.5%3.3%5.1%
Sector1.5%6.7%0.7%5.6%5.9%
Rank within sector93 / 17491 / 1687 / 163133 / 15693 / 152
Quartile3rd3rd1st4th3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.74
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.68
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.42
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
2.63
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.77
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.23
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.7
Price movement
52 week high687.4
52 week low640
Current bid price-
Current offer price-
Current mid price686.6
Region
1UK44.25%
2Germany10.21%
3France8.96%
4USA5.22%
5Spain4.61%
6Luxembourg4.55%
7Netherlands4.49%
8Italy2.78%
9Canada2.75%
Industry sector
1Industrials58.33%
2Financials25.97%
3Utilities6.03%
4Mortgage & Secured Bonds5.98%
5Money Market2.22%
6Derivatives0.78%
7Government Agency Bonds0.7%
Asset type
1UK Fixed Interest44.25%
2German Fixed Interest10.21%
3French Fixed Interest8.96%
4US Fixed Interest5.22%
5Spanish Fixed Interest4.61%
6Luxembourg Fixed Interest4.55%
7Dutch Fixed Interest4.49%
8Italian Fixed Interest2.78%
9Canadian Fixed Interest2.75%
Individual holdings
1BPCE SA FRN 06/03/17 GBP1000002.04%
2ABN AMRO BANK NV FRN 30/11/18 GBP1000001.81%
3SCHAEFFLER FINANCE BV 4.75% BDS 15/05/23 USD200000 144A1.5%
4SAINSBURY(J) 6.5% UNDATED BDS GBP1000 REG S1.43%
5KONINKLIJKE KPN NV 6.875% BDS 14/03/73 GBP10001.22%
6DEUT PFANDBRIEFBANK AG FRN 13/01/20 GBP1000001.21%
7VERALLIA PACKAGING SASU 5.125% BDS 01/08/22 EUR1000001.18%
8DEUT PFANDBRIEFBANK AG FRN 29/09/17 GBP1000001.15%
9AVIVA 6.625% NTS 03/06/41 GBP1000001.12%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund's investment objective is to provide a total return. The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • 3-month Treasury bills
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Peter Harvey04/04/2006Peter Harvey joined Cazenove Capital in 2005 and is Head of Credit and manager of the Cazenove Strategic Debt Fund and the Morningstar OBSR Bronze rated Cazenove Strategic Bond Fund. Peter joined from F&C Management Ltd where he had been Head of UK Credit. He is a Director of Cazenove Capital and has 22 years’ experience analysing and investing in corporate debt. Peter graduated with a 2.1 degree from the University of St Andrews.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Schroder Strategic Credit Pn CS1
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.54%
Bid price-
Offer price-
Mid price686.6
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code061T
Zurich Schroder Strategic Credit Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price709.9
Offer price709.9
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUB8
Zurich Schroder Strategic Credit Pn ZP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price751.7
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTR5
Data provided by

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